Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Short Interest Down 67.6% in August

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 44,289 shares, a decline of 67.6% from the August 15th total of 136,699 shares. Based on an average trading volume of 68,574 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Trading Up 2.0%

Shares of NPNYY traded up $0.18 during mid-day trading on Friday, hitting $9.50. 60,738 shares of the company’s stock traded hands, compared to its average volume of 36,171. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $7.94 and its 200-day moving average price is $7.38. The firm has a market capitalization of $19.25 billion, a P/E ratio of 17.92 and a beta of 0.67. Nippon Yusen Kabushiki Kaisha has a 1 year low of $6.04 and a 1 year high of $9.50.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.53%. The business had revenue of $4.57 billion during the quarter. As a group, sell-side analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.79 EPS for the current fiscal year.

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line, is a Japanese transportation and logistics company headquartered in Tokyo. Founded in 1885, the company developed from Japan’s early modern shipping industry and has grown into an international provider of marine transportation and supply-chain services.

NYK’s businesses include the transportation of automobiles, dry bulk commodities, energy products, and other cargo. The company operates car carriers, bulk vessels, tankers, and liquefied natural gas carriers, while also participating in container shipping through its investment in Ocean Network Express, a joint venture with other major Japanese shipping companies.

In addition to ocean transportation, NYK provides logistics, warehousing, freight forwarding, air cargo, terminal operations, and other supply-chain services.